Emerging Trends to Drive Electronic Shelf Label Market Growth at 17% CAGR Through 2029

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Electronic Shelf Label Market Size Growth Forecast: What to Expect by 2025?_x000D_
The market size for electronic shelf labels has experienced quick expansion in the recent past. The value of the market is expected to surge from $1.31 billion in 2024 to $1.52 billion in 2025, showcasing a Compound Annual Growth Rate (CAGR) of 15.8%. The notable growth observed during the historic period can be credited to factors such as refined customer experience, efficient retail operations, superior inventory management, cost cutting measures, and intense market competition._x000D_
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How Will the Electronic Shelf Label Market Size Evolve and Grow by 2029?_x000D_
In the coming years, the market size for electronic shelf labels is projected to experience a fast-paced expansion. By 2029, it is predicted to reach $2.85 billion, demonstrating a compound annual growth rate (CAGR) of 17.0%. The predicted surge during the projected period is due to factors such as the digital shift in retail, the increasing need for real-time pricing, emphasis on sustainability and integration with retail technologies, and the worldwide expansion of the retail sector. Significant trends for the forecast period include the use of electronic shelf label systems in non-food retail sections, the incorporation of touch-free shopping elements, the utilization of cloud-based electronic label systems, emphasis on improved battery longevity and energy efficiency, and customization and personalization in electronic labeling solutions._x000D_
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What Drivers Are Propelling the Growth of Electronic Shelf Label Market Forward?_x000D_
Growth in the electronic shelf-label market is anticipated to be spurred by the increasing implementation of automation in the retail sector. Retail industry automation refers to the application of technology and machinery to enhance processes and achieve operational efficacy, and it is utilized for a range of tasks such as inventory management, customer service, self-checkout, and supply chain management. Electronic shelf labels (ESLs) play an essential role in retail automation, helping retailers manage prices, promotions, and inventory more effectively while also improving the shopping experience for consumers. For example, according to the World Economic Forum, a non-governmental and lobbying organization based in Switzerland, in January 2023, it is projected that artificial intelligence services in retail automation will expand from $5 billion to over $31 billion by 2028. Consequently, the increased implementation of automation in the retail industry is fueling the growth of the electronic shelf-label market._x000D_
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Which Emerging Trends Are Transforming the Electronic Shelf Label Market in 2025?_x000D_
Innovation in product development is emerging as a significant trend in the electronic shelf label market. To maintain their competitive edge, market players are incorporating novel solutions like large format displays. Take, for example, Ynvisible Interactive Inc. - a Canada-based manufacturer of printed e-paper displays - which launched the Large Format Electronic Shelf Label Display in January 2023, crafted especially for grocery store retailers. This new display serves as an effortless solution to relay essential product details and costs. The Large Format Electronic Shelf Label Display not only provides a seamless and interactive way for customers to access crucial product information but also offers several unique selling propositions. These include up to 80% cost savings when compared to rival reflective display technologies, highly customizable options without a minimum order quantity requisite, ultra-low power usage, and a resilient design to withstand the everyday wear-and-tear in the grocery store setting._x000D_
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What Are the Key Segments in the Electronic Shelf Label Market?_x000D_
The electronic shelf labelmarket covered in this report is segmented - _x000D_
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1) By Component: Displays, Batteries, Transceivers, Microprocessors_x000D_
2) By Product Type: LCDs (Liquid-Crystal Display), Segmented E-paper Displays, Fully Graphic E-paper Displays_x000D_
3) By Display Size: Less Than 3 Inches, 3 To 7 Inches, 7 To 10 Inches, More Than 10 Inches_x000D_
4) By Communications Technology: Radio Frequency, Infrared, Near-Field Communication, Other Technologies_x000D_
5) By Application: Supermarket, Convenience Store, Departmental Store, Specialty Store, Pharmacies_x000D_
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Subsegments:_x000D_
1) By Displays: E-ink Displays, LCD Displays, LED Displays _x000D_
2) By Batteries: Rechargeable Batteries, Non-rechargeable Batteries _x000D_
3) By Transceivers: RF Transceivers, Infrared Transceivers _x000D_
4) By Microprocessors: Low-Power Microcontrollers, High-Performance Microprocessors _x000D_
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Who Are the Key Players Shaping the Electronic Shelf Label Market's Competitive Landscape?_x000D_
Major companies operating in the electronic shelf label market include SES-imagotag, Pricer AB, E Ink Holdings Inc., Displaydata Limited, Solum ESL, Opticon Sensors Europe B.V., Teraoka Seiko Co Ltd., MinewTag, Panasonic Holdings Corporation, NCR Corporation, LG Innotek Co. Ltd., CLEARink Displays Inc., Shanghai SUNMI Technology Co. Ltd., troniTAG GmbH, Samsung Electro-Mechanics Co. Ltd., Altierre Corporation, AdvanTech Inc., Display Solutions AG, Hanshow Technology, Pervasive Displays Inc., SoluM Co. Ltd. _x000D_
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What Geographic Markets Are Powering Growth in the Electronic Shelf Label Market?_x000D_
Europe was the largest region in the electronic shelf label market in 2024. The regions covered in the electronic shelf label market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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